The deal makes Microsoft IREN’s largest customer, with $1.94 billion in annualized revenue expected over the next five years.
The deal will give Microsoft access to compute infrastructure built with Nvidia's GB300 GPUs, which will be deployed over phases through 2026.
Microsoft has entered into an approximately $9.7 billion cloud services contract with artificial intelligence cloud service provider IREN that will give it access to some of Nvidia’s chips.
IREN has signed a multi-year deal with Microsoft to use its cloud-based graphics processing services.
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